A belief amongst some trades people is that doubling your Public Liability limit from £1,000,000 to £2,000,000, will also double the premium. This is rarely the case. Insurers are aware that a claim of this size is highly unlikely and that most contractors require higher limits for either contractual reasons, or for membership to regulatory bodies. Some potential clients such as local authorities require limits as high as £5,000,000 or even £10,000,000.
In an environment where potential clients need reassurances, why not stand out from the crowd with a higher liability limit.
For more help and assistance, contact Think Insurance in Walsall on 0844 573 2850
